Stocks in the News: "Key Developments to Watch This Week: CLNV, INBS, VTAK, HALB, SNNC

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As another trading week begins, it may be a good time for investors to consider keeping a closer eye on those stocks that may have come into the news cycle. Ahead of the opening of the markets, investors ought to be aware of some of the major developments that could be on the agenda this week. This feature is going to provide a closer look at four companies that have been in the news in recent times.

Clean Vision Corporation (OTC:CLNV): Investors who may be interested in sustainable clean technology could consider taking a closer look at the developments from September 7 pertaining to the company. At the time, Clean Vision Corporation announced that it had been provided with the proceeds of a forgivable loan worth $1.75 million.

The loan is related to the Memorandum of Understanding signed by the company with the West Virginia Department of Economic Development on June 1, 2023. As per the conditions of the funding, Clean Vision would need to employ at least 40 people in three years for the loan to be forgiven. The company also revealed that the loan was non-dilutive in nature and would play a major role in the establishment of the path-breaking plastic waste to circular fuel initiative from Clean Vision in Quincy, West Virginia.

Intelligent Bio Solutions Inc. (NASDAQ:INBS) The medical technology company is involved in providing fast, intelligent, non-invasive testing solutions. This past Friday, Intelligent Bio Solutions Inc. announced that it had managed to successfully complete a major milestone with regards to adding tramadol and ketamine testing to its flagship Intelligent Fingerprinting Drug Screening System.

The company noted in its news release that the new assays for the testing of both drugs had passed the initial design phase. More importantly, they were also ready to be scaled up and moved to manufacturing for the preparation of possible clinical trials.

Catheter Precision Inc. (NYSE American:VTAK) The company announced on August 31 that it had entered into a new distribution partnership with Singapore-based medical device distributor Somnotec (S) Pte Ltd. The LockeT device from Catheter Precision Inc. would be distributed in Indonesia, Singapore, Brunei, the Philippines, and Malaysia by Somnotec.

David Jenkins, the company’s interim Chief Executive Officer, noted that LockeT was the latest product line from the company and that management was looking to expand its footprint outside the United States. He went on to state that the partnership with a large distributor like Somnotec was a strong step in that particular direction.

Halberd Corporation (OTC:HALB) On September 6, the company announced that there had been a statistically significant reduction in two major markers of traumatic brain injury in the early testing of the company’s nasal spray.

The research is being conducted at Mississippi State University with Halberd Corporation’s nasal spray, which is meant to mitigate the effects of traumatic brain injury. The data revealed that there had been a 50% reduction in glial fibrillary acid protein and a 20% reduction in neuron-specific enolase in comparison to the control group.

Sibannac Inc. (OTC:SNNC) Last week, the company made an announcement through Let’s Go Energy, a brand it recently acquired. It is the flagship brand of Immersive Brand Concepts, a subsidiary of Sibannac, Inc. It was announced that the brand would be launched in the lucrative markets of Las Vegas and New York by the seasoned distributors AH80 and Hyegia Distribution.

In order to commemorate the revenue milestone, Letz Go Energy would introduce its product, Kratom Energy Shot. Kratom is a path-breaking product loaded with unique catalytic properties and natural ingredients that lift mood, enhance focus, and provide pain relief.